Brady Corporation (BRC)
Number of days of payables
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.28 | 13.24 | 13.14 | 7.10 | 8.84 | |
| Number of days of payables | days | 29.73 | 27.57 | 27.79 | 51.41 | 41.30 |
July 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.28
= 29.73
The number of days of payables for Brady Corporation has shown some variability over the past five years. In the most recent period ending July 31, 2024, the company took approximately 29.73 days to pay its outstanding obligations to suppliers. This represents a slight increase from the previous year's figure of 27.57 days.
Comparing to two years ago, in July 31, 2022, the number of days of payables remained relatively consistent at 27.79 days. However, looking back to July 31, 2021, there was a significant increase in the number of days of payables to 51.41 days, reflecting a prolonged period in which Brady Corporation took to settle its payables.
Further back in history, as of July 31, 2020, Brady Corporation's number of days of payables stood at 41.30 days, indicating an improvement compared to the year following it. Overall, fluctuations in the number of days of payables can provide insights into the company's efficiency in managing its accounts payable and its relationships with suppliers.
Peer comparison
Jul 31, 2024